Best Savings Account Rates

The best savings account rates are around 1.50 percent right now. Savings account rates have been coming down for awhile now and probably won't start heading back up again until the third quarter of 2010.

The average savings account rate of a savings account/money market account with a balance of $10,000 is 0.433 percent this week - not much of a return on your money for the average savings rate.

Here is a current list of the top savings account rates in New York City.

Bank of Internet USA 1.60% APY Min $100

UFB Direct 1.55% APY Min $ 1

North Fork Bank 1.55% APY Min$2500 Must have a Smart Cents Checking account.